Here are the facts
- East Kirup anomaly is 4km long by up to 1.5km wide.
- East Kirup lithium-tantalite-tin geochemical anomaly lies 20km north-northwest on structural geological trend from the world class Greenbushes lithium-tantalite-tin mine.
- The Greenbushes mine is a world class deposit that contains Total Measured, Indicated and Inferred Resources of 25.2 million tonnes of 3.6% Li2O
Here's some info I dug up on the Greenbush deposit
http://www.greenbushesinc.asn.au/mine/talison-mine.html
its owned by Talison Lithium Limited
http://www.talisonlithium.com/home.aspx
more interesting info Ive dug up on this Talison group and their Lithium deposit
who prices these IPO's anyway seems a tad steep given current economic and market environment (post GFC that is)
http://www.wabusinessnews.com.au/en-story/1/77335/Talison-Lithium-pulls-196m-IPO
Talison Lithium pulls $196m IPO
Finance: 14-December-09 by Rebecca Lawson
Talison Lithium's $196 million initial public offer has been withdrawn, days before it was due to list on the local stock exchange, making it the second major resources float in less than a week to suffer an eleventh hour setback.
In a statement today, Talison Lithium chairman Peter Robinson said investors refused to support the float at the price offered, but existing shareholders remained committed and supportive of the company.
"We have an established operation based on a unique, long life, high grade lithium deposit at Greenbushes, and a track record of successfully increasing capacity as the lithium market has expanded," he said.
"Talison Lithium is ideally positioned to take advantage of the attractive market dynamics forecast for lithium in the future by leveraging off the strengths of our skilled workforce, long-term relationships with customers and suppliers and the experience of our management team to pursue our growth strategies."
Talison Lithium had last month announced plans to raise between $143.5 million and $196.4 million through the issue of up to 35 million new shares, while existing major shareholder Resource Capital Fund IV had the option to sell an additional 3.5 million of its shares.
Shares were to be priced between $4.10 and $5.10.
Talison, which bought assets from the administrators of Sons of Gwalia in 2007, had planned to dual list on the Australian Securities Exchange and Toronto Stock Exchange this week.
Its flagship Greenbushes mine near Perth is the only operating lithium mine in Western Australia.
The Talison development follows news last week that Cape Lambert Resources had to delay the $203 million Q Copper float after a UK investor pulled out.